ABSTRACT
This research work sought to
estimate and assess the nature ofthe impact c1 1 tUllui'M? Economic Empowerment
Development Strategy (NEEDS) on Nigeria Tnfb.tinn rat.. using intervention
analysis of total monthly Inflation rate (for all items) cm. imm period 2003 to
2013. The data were obtained from the official website ofthe Central Bank
ofNigeria. The data suggested a logarithm transformation to stabilize the
variance. Empirical results from the study indicate that the pre-intervention
period could best be modeled with an AR(1) process based on which the full
intervention model was obtained. The intervention event actually had effect on
inflation rate, it reduced the inflation rate but the duration however was
found to be abrupt and temporal. Its corresponding long term effect 4.01 is not
quite different from its corresponding impact parameter of4.52 which was found
to be statistically significant. The results show that the overall intervention
model was statistically significant.
This research work sought to
estimate and assess the nature ofthe impact c1 1 tUllui'M? Economic Empowerment
Development Strategy (NEEDS) on Nigeria Tnfb.tinn rat.. using intervention
analysis of total monthly Inflation rate (for all items) cm. imm period 2003 to
2013. The data were obtained from the official website ofthe Central Bank
ofNigeria. The data suggested a logarithm transformation to stabilize the
variance. Empirical results from the study indicate that the pre-intervention
period could best be modeled with an AR(1) process based on which the full
intervention model was obtained. The intervention event actually had effect on
inflation rate, it reduced the inflation rate but the duration however was
found to be abrupt and temporal. Its corresponding long term effect 4.01 is not
quite different from its corresponding impact parameter of4.52 which was found
to be statistically significant. The results show that the overall intervention
model was statistically significant.
IRE, I (2024). Intervention Analysis Of Nigeria’s Inflation Rate:- Ire, Kalu I.. Mouau.afribary.org: Retrieved Sep 08, 2024, from https://repository.mouau.edu.ng/work/view/intervention-analysis-of-nigerias-inflation-rate-ire-kalu-i-7-2
IRE, IRE. "Intervention Analysis Of Nigeria’s Inflation Rate:- Ire, Kalu I." Mouau.afribary.org. Mouau.afribary.org, 13 Jun. 2024, https://repository.mouau.edu.ng/work/view/intervention-analysis-of-nigerias-inflation-rate-ire-kalu-i-7-2. Accessed 08 Sep. 2024.
IRE, IRE. "Intervention Analysis Of Nigeria’s Inflation Rate:- Ire, Kalu I.". Mouau.afribary.org, Mouau.afribary.org, 13 Jun. 2024. Web. 08 Sep. 2024. < https://repository.mouau.edu.ng/work/view/intervention-analysis-of-nigerias-inflation-rate-ire-kalu-i-7-2 >.
IRE, IRE. "Intervention Analysis Of Nigeria’s Inflation Rate:- Ire, Kalu I." Mouau.afribary.org (2024). Accessed 08 Sep. 2024. https://repository.mouau.edu.ng/work/view/intervention-analysis-of-nigerias-inflation-rate-ire-kalu-i-7-2